Ihori, Toshihiro; Nakazato, Toru; Kawade, Masumi - In: The World Economy 26 (2003) 3, pp. 325-338
This paper first summarises Japan's fiscal policies in the 1990s. Then, we investigate the macroeconomic impact of government debt and the sustainability problem. We find that the Keynesian fiscal policy in the 1990s was not effective and fiscal sustainability may therefore become a serious...
